OVERLAND PARK, Kan.--(BUSINESS WIRE)--Oct. 1, 2012--
Angelo Brisimitzakis, president and chief executive officer of Compass
Minerals (NYSE: CMP), has announced his intention to retire at the end
of 2012 after successfully leading the company for almost seven years.
He also intends to resign his seat on the board of directors at that
time.
Angelo C. Brisimitzakis, president and CEO of Compass Minerals, has announced his plan to retire at year end. (Photo: Business Wire)
Under Dr. Brisimitzakis’ leadership, Compass Minerals strategically
expanded its production capabilities to better serve both its salt and
specialty fertilizer customers for the long term, nearly tripled its
market capitalization and provided shareholders with consistent annual
dividend increases.
“As Angelo begins his retirement, he leaves Compass Minerals in a much
stronger position to build on its profitable growth opportunities,” said
Dick Grant, lead independent director of Compass Minerals’ board of
directors. “The board thanks Angelo for all of his accomplishments and
appreciates his willingness to stay through year end to assist in an
orderly transition. We wish him a long and happy retirement.”
“I have thoroughly enjoyed my time as CEO and a member of the board. I
am very proud of what the organization has achieved, and I’m excited
about its future potential,” said Dr. Brisimitzakis. “I am looking
forward to an active retirement after nearly 35 years of work in various
materials-based industries.”
Prior to joining Compass Minerals in May 2006, Dr. Brisimitzakis held
increasingly significant leadership positions with the General Electric
Company and Great Lakes Chemical Corporation.
The board of directors has retained a leading executive recruitment firm
to assist in the search for his successor.
About Compass Minerals
Based in the Kansas City metropolitan area, Compass Minerals is a
leading producer of minerals, including salt, sulfate of potash
specialty fertilizer and magnesium chloride. The company provides
highway deicing salt to customers in North America and the United
Kingdom and specialty fertilizer to growers worldwide. Compass Minerals
also produces consumer deicing, water conditioning and pool products,
ingredients used in consumer and commercial foods, and other
mineral-based products for consumer, agricultural and industrial
applications. The company also provides records management services to
businesses throughout the U.K. For more information, visit www.compassminerals.com.
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on the company's current expectations and involve
risks and uncertainties that could cause the company's actual results to
differ materially. The differences could be caused by a number of
factors including those factors identified in the "Risk Factors"
sections of our Annual and Quarterly Reports on Forms 10-K and 10-Q. The
company undertakes no obligation to update any forward-looking
statements made in this press release to reflect future events or
developments.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50427140&lang=en
Source: Compass Minerals
Compass Minerals
Rodney L. Underdown, 913-344-9395
Chief
Financial Officer
or
Peggy Landon, 913-344-9315
Director
of Investor Relations and Corporate Communications